Lloyds Bank And Brexit
When Will Brexit Take Effect
Bank shares await the verdict of post-Brexit economic history. The share price chart for Lloyds at 54p gives little guidance. However, well capitalised and on above-average earnings and dividend yields (an estimated 13.6% and 7.4% consensus last seen) the shares look a hold and a speculative buy. Lloyds Bank is prepared to weather further Brexit uncertainty, the group’s chief executive said today as the bank reported results for the first quarter.
Lloyds Bank And Brexit Results
FILE PHOTO: A man enters a Lloyds Bank branch in central London, Britain February 25, 2016. REUTERS/Paul Hackett/File PhotoLloyds ( ), Britain’s biggest mortgage lender, was widely expected to manage its continental business from one new subsidiary in Berlin. But executives now plan two further hubs to service customers across the European Union, the source told Reuters. FILE PHOTO: A pedestrian passes the head office of the Lloyds Banking Group in central London August 5, 2009.
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